European Stars and Stripes (Newspaper) - September 17, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday september 17,1989 prices fall As stocks extend losing trend new York Dpi Stock prices fell last week As concerns Over the leveraged buyout scene extended a losing trend that began after the labor Day weekend. The Dow Jones Industrial average which set a record High on the eve of labor Day weekend at 2752.09, fell 34.96 Points after shedding 42.55 Points the previous week and closed Friday at 2674.58. Broader Market indexes also fell. The new York Stock Exchange composite Index lost 2.36 Points to close Friday at 191.59. Standard & poor s 500-Stock Index fell 3.70 Points to end at 345.06. Declines led advances 1,320-567 among the 2,159 issues traded. Nose volume totalled 827,748,430 shares compared with 621,258,120 a week earlier and 827,087,530 a year ago. Analysis said concerns Over the future of junk Bond financing for leveraged buyouts sparked a sell off among takeover issues after it was revealed that Camp eau corp. Of Canada was having trouble meeting its credit obligations. On the trading floor at to was the most Active nose Issue rising l i to 40%. Exxon followed gaining i to44%, and general electric was third adding it to 57 a. Airline issues also declined. Amr Parent of american airlines plummeted 5vi to 75 i and Ual corp., owner of United airlines fell i to 279%. On the american Stock Exchange the amex volume. Tpulcd_64,850,34g Macx Market value Index lost 4.46 shares compared with 5u327j 25 traded week earlier and 40,940,400 traded in the same week a year . Industries led the Macx actives closing the week unchanged at 12v. Points to close Friday at 379.64. De Clines led advances 543-268 among 1,007 issues traded. 31 dams unsafe . Report says Washington a at least 31 of the 54 dams operated by the Bureau of Indian affairs pose a serious threat to life and property according to the Interi or department s inspector general. The report by James r. Richards said the dams All on Indian lands in the West Are either in poor or unsatisfactory condition As a result of inadequate maintenance by the Bia. These unsafe dams which pose a serious threat to hundreds of lives and sur rounding property could potentially Cost hundreds of millions of dollars to re pair Richards wrote in a letter to Inte rior Secretary Manuel Lujan. The report released publicly Over the weekend has already been seen by Lujan who has instructed assistant Secretary for Indian affairs Eddie Brown to take a look and take the necessary actions to Hava those dams repaired or maintained in proper order Bia spokesman Carl Shaw said saturday. Harold Bloom assistant inspector Gener Al wrote in the report these dams have safety deficiencies including serious prob lems with excessive seepage and embankment erosion that arc worsening each year because of a Lack of maintenance. Most could not withstand a major flood and As a result arc imminent threats to Rural communities  among the worst examples said Bloom Are the Ganado round Rock and Man farms dams in Arizona the Pablo and lower dry Fork dams in Montana and the Ponca dam in South Dakota. Failure of the Pablo dam the largest in the Flathead Indian irrigation projection Montana could cause considerable loss of life potentially 400 people and excessive economic loss in the towns of Pablo Dunham and adjacent subdivisions Bloom said. The 31 dams most of which arc not listed by state in the report Are Ganado Black Rock Mcdonald lower dry Fork Dulce Rosebud round Rock Jocko Weber Acomita Crow Creek standing Rock no. I Many farms Oglala and Tufa Stone. Also Pablo he dog Picacho Black Lake Parmelee White Clay Washakie Bonneau Ponca Crow Santa Ana Tabor Tsaile Coolidge Asaadi and Hgo. Investor s guide by Bill Doyle q. Had t you better warn your readers that they can t get out of annuities Early without being hit with Back end charges As High As 9 percent a. The surrender charges for cashing in annuities Early have been mentioned in this space often. Those High As 9 per " cent when an Doyle annuity is cashed within a year of its Purchase and decline 1 percentage Point a year until they vanish. Others Start lower. Some annuities have no surrender charge instead they have big com missions at the time of Purchase and or Large annual costs. Q. You wrote when an annuity Holder goes to the great beyond the beneficiary named in the annuity receives the Money free from in come tax. The tax treatment is the same As that accorded the death Benefit of a life insurance policy on which no income tax is  you re right about life insurance death benefits but wrong about annuities. Did gremlins get into your word processor that Day a. I won t try to get away with a lame excuse. I just Plain goofed and must admit it. As a general Rule annuity in come received by a beneficiary is taxed the same As regular annuity income. This Means the Benefi Ciary usually pays tax just As the annuity Holder would pay if he or she had lived. However there arc exceptions which sometimes reduce the tax. And As is almost always the Case with taxes those exceptions get complicated. They Are spelled Outin internal Revenue service publication 575. King features columnist Doyle welcomes writ Len questions. You can write to him care of the stars  09211 us. 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